Small business hardest hit by rising minimum wage

The Fair Work Commission today delivered its annual wage review – the highest percentage we’ve seen since 2011. This decision will have a significant impact on all businesses and industries and over 2.3 million employees who are paid at the National Minimum Wage or minimum Modern Award rates. Josh Vikis, Senior Employment Relations Adviser of Employsure – a workplace specialist firm representing over 17,000 SMEs says the increase is high comparative to other OECD countries: “Australia has high wages and high living standards. Our minimum wage is one of the highest in the world.” Read the full article here.